Shell Signs Massive Naphtha Supply Agreement With QatarEnergy
The naphtha supply deal strengthens the long-standing partnership between SHEL and QatarEnergy. QatarEnergy will supply 18 million metric tons of naphtha to Shell for 20 years.
Should I 'buy' Shell or BP? Here's what a leading investment bank has to say
Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC face mixed forecasts as they prepare for third-quarter reports, according to JP Morgan's latest research on the oil and gas sector. Both companies are expected to see lower profits in the upcoming quarter, though Shell's outlook is seen as more stable than BP's, reinforcing its position as a preferred investment.
QatarEnergy signs 20-year naphtha supply deal with Shell
QatarEnergy has entered into a long-term naphtha supply agreement with Shell , supplying up to 18 million metric tons of naphtha to the London-listed company over 20 years from next April.
Shell: Remuneration And Consistency Are Key, Reiterating Buy
Iran's attack on Israel has escalated tensions, causing crude oil futures to jump. The country's crucial role in OPEC and potential sanctions could lead to sudden changes in oil prices. Shell is progressing well in lowering costs and improving FCF generation. Supportive shareholder remuneration and discounts to peers make SHEL a buy.
Shell (SHEL) Increases LNG Production Forecast Amid Declining Refining Margins
Shell (SHEL, Financial) saw its shares rise by 1.56%, reaching $69.58. The company announced expectations of a significant decline in refining margins for the third quarter due to reduced global demand, which also impacted oil product trading earnings.
Shell expects sharp drop in refining margins and higher liquid-natural-gas volumes
The energy giant said it expects to report a sharp drop in its refining margins when it posts its upcoming third quarter results on Oct. 31.
Shell follows Exxon as it hits the downgrade button
Shell PLC (LSE:SHEL, NYSE:SHEL) weighed in with what is likely to be part of a sectorwide rebasement of forecasts as it reported a sharp decline in refining profit margins for the third quarter due to weaker global demand. In a trading update ahead of its quarterly results, Shell noted that indicative refining margins fell by nearly 30%, dropping to $5.5 per barrel from $7.7 in the previous quarter.
Shell says refining margins dropped sharply in third quarter
Shell's refining profit margins dropped sharply in the third quarter from the previous three months, while oil product trading earnings also weakened, it said on Monday.
Shell's Atlantic Shores Wind Projects Receive Federal Approval
SHEL's partnership project "Atlantic Shores" in New Jersey clears the federal barrier while environmental concerns persist.
Russia files lawsuit against Shell units, court documents show
Russia's Prosecutor General has filed a lawsuit against a number of energy major Shell's units, court documents showed on Friday.
Shell (SHEL) Ascends While Market Falls: Some Facts to Note
The latest trading day saw Shell (SHEL) settling at $68.46, representing a +0.94% change from its previous close.
Crude oil holds near $75 a barrel as markets watch for Middle East escalation
Oil prices remained elevated on Thursday as analysts said financial markets "remained on edge" as tensions in the Middle East are being watched carefully for potential escalation. Following the missle strike by Iran on Israel earlier in the week, Israeli prime minister Benjamin Netanyahu said the country intends to retaliate, warning that Iran "will pay" for its actions, though US president Joe Biden urged Israel not to attack nuclear facilities.
